A bond is traded with the following terms: 1) $100 of face value; 2) two years to maturity; 3) 7% annual coupon rate; 4) 7% yield to maturity.

Which one below is closest to the bond's duration? (Please round your calculation to the nearest 2nd decimal.)

Select one:

A. 1.87

B. 1.89

C. 1.91

D. 1.93

E. 1.95